The downtrending line in the graph ends exactly with the value of numerai today, 20,04. While I was making the chart and writing about it, it crossed the fibonacci line and raised higher. We can see a clear upline trend in the last months. That one ends at 27.00 That is around 30% higher and would be a great gain. Followng the uptrend, this can happen in a couple of weeks or 2-3 months. From there there are more directions possible. One of them is a huge gain till its ATH of 168 usd.
Since it is not new idea anymore, for it is already running 8 years, it is fair to say some investors might be wondering what is the real success of this first ever blockchain based AI trading bot?
South African Richard Craib, former hedge funds trader, and the main initiator of this project, has set the goal that this hedgefunds is going to be the biggest in the world. What? He wants to surpass Blackrock? That is some goal. Maybe we should buy some NMR tokens, just to take a chance that he succeeds. Latest figures show numerai is performing a few percents better than S&P, each year. Becoming the biggest hedgefunds will take hundreds of years at this speed. Becoming big and relevant is a more likely outcome, which is still impressive for the first AI hedgefunds.
Since it is not new idea anymore, for it is already running 8 years, it is fair to say some investors might be wondering what is the real success of this first ever blockchain based AI trading bot?
South African Richard Craib, former hedge funds trader, and the main initiator of this project, has set the goal that this hedgefunds is going to be the biggest in the world. What? He wants to surpass Blackrock? That is some goal. Maybe we should buy some NMR tokens, just to take a chance that he succeeds. Latest figures show numerai is performing a few percents better than S&P, each year. Becoming the biggest hedgefunds will take hundreds of years at this speed. Becoming big and relevant is a more likely outcome, which is still impressive for the first AI hedgefunds.